NSA : Nimrod Sea Assets buys dive support vessel Nimrod Sea Assets has bought a dive support vessel (to be renamed Red 7 Alliance) for $10.6m. The deal has been achieved by acquiring a 99.5% stake in the company that owns the boat. Red 7 Alliance will be back-to-back bareboat chartered to Red7Marine Group (a […]
VNL : Vinaland raises $31m from asset sales Vinaland has published its results for the year that ended on 30 June 2014. Over the period the net asset value fell by a cent from $0.93 to $0.92 but this unexciting result masks considerable activity in the portfolio as property worth $31.4m was sold. The company sold […]
GLIF : GLI Finance buys stake in UK Bond Network GLI Finance has announced the acquisition of a 16.6% stake in UK Bond Network (www.ukbondnetwork.com) UK Bond Network is a peer-to-peer bond platform. It provides bespoke finance to companies seeking loans or bond finance in the £500,000 to £4m range. The announcement describes how UK […]
PCTN : Picton Property gets planning permission for scheme in Swindon Picton Property has a six acre site – Westlea Campus in Chelmsford Road Swindon. Planning permission has just been granted to build a 15,000 sq ft supermarket and 70 residential units on the site. Picton has already done a deal with Aldi to sell […]
RUG : RENN Universal Growth plans liquidation RENN Universal Growth plans to ask shareholders to approve putting the company into voluntary liquidation. The Board is keen to enact this before selling off more of RUG’s portfolio so as not to lose the benefit of RUG’s investment trust status. The statement says “while the Manager continues […]
NCYF : New City High Yield makes 10% for year New City High Yield generated a total return on net assets of 10.3% for the year that ended on 30 June 2014. The shareholder return was 13.7% as the shares moved to trade on a 4.6% premium. The dividend was raised to 4.21p. The manager’s […]
JPG : Jupiter Primadona discount narrowing offsets underperformance Jupiter Primadona Growth has published its results for the year that ended on 30 June 2014. Over the year it generated a return on net assets of 9.7%, underperforming its benchmark, but shareholders did much better than that as the rating on the fund improved significantly, eliminating the […]
BRWM : BlackRock World Mining writes off London Mining exposure With apologies for not picking this up yesterday, BlackRock World Mining, in its usual NAV announcement, disclosed that it had written off its £52m exposure to London Mining. This is a big blow to the net asset value – taking about 30p off the net […]
VNI : Vietnam Infrastructure restructuring details Following conversations with its major shareholders, Vietnam Infrastructure is putting forward proposals to shareholders. The proposals involve splitting the fund into two parts – one representing the private equity, unlisted investments (currently about $108m) and the other the listed investments (currently about $117m). the listed investment pool would be devolved […]
NESF : NextEnergy Solar looking to raise over £250m NextEnergy Solar Fund has announced that it has identified a pipeline of potential deals worth about £210m and has identified additional deals worth £333m. They have a revolving credit facility worth up to £31.5m and can use this to get the ball rolling but to fund […]
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